Status information for financial transactions
AssigneeWells Fargo Bank, N.A.
InventorsDavid Bialzak, Darren James Dobier, Kevin Chu
Life of this patent
Estimating the term…
Abstract
An electronic computing device receives a request from a third party for status information for a financial transaction. The request includes an identifier for the third party and an identifier for the financial transaction. The third party is authenticated using the identifier for the third party. A data store is queried using the identifier for the financial transaction to determine the status information for the financial transaction. Any contingency information associated with the financial transaction is updated. The status information and contingency information are returned to the third party.
Claims20
An electronic computing device comprising:
- a processing unit;
- and
- system memory, the system memory including instructions which, when executed by the processing unit, cause the electronic computing device to:
- receive status information regarding a financial transaction for a member of a third party organization;
- receive contingency information regarding the financial transaction;
- associate the status information and the contingency information with an identifier for the third party organization;
- update a data store with the status information and the contingency information;
- and
- periodically query the data store and return the status information and the contingency information to the third party organization.
An electronic computing device, comprising:
- a processing unit;
- and
- system memory, the system memory including instructions which, when executed by the processing unit, cause the electronic computing device to:
- receive a request from a third party for status information for a financial transaction involving a mortgage, the request including an identifier for the third party and an identifier for the financial transaction;
- authenticate the third party using the identifier for the third party;
- determine an authorization level for the third party using the identifier for the third party;
- query a data store using the identifier for the financial transaction to determine the status information for the financial transaction;
- update any contingency information associated with the mortgage, the contingency information including a status of one or more contingent financial transactions, each of the one or more contingent financial transactions involving a sale of property;
- and
- return the status information and the contingency information to the third party,
- wherein, a granularity of the status information returned to the third party is dependent upon the authorization level for the third party and wherein the status information includes one or more words, phrases or colors that summarize a status of one or more milestones for the financial transaction.
A computer-implemented method capable of obtaining status information for financial transactions, comprising:
- receiving, by an electronic computing device, status information regarding a financial transaction for a member of a third party organization;
- receiving contingency information regarding the financial transaction;
- associating the status information and the contingency information with an identifier for the third party organization;
- updating a data store with the status information and the contingency information;
- and
- periodically querying the data store and return the status information and the contingency information to the third party organization.
Dependencies are inferred from the claim text.